I thank Trish Mosser and the organizers at Columbia University and the Bank Policy Institute for inviting me to speak today. I received my undergraduate degree from Barnard College, and it is nice to be back on campus. I appreciate that this conference brings together academic researchers, industry practitioners, and policymakers to discuss research pertinent to financial regulation. I am a firm believer that research should inform policymaking. Academic research has greatly expanded our understanding of how systemic risks can build up and propagate throughout the economy. It informed the regulatory reforms put in ... (full story)